In the realm of natural gas markets, recent trading sessions have showcased a degree of weakness in prices. Despite this, the resilience demonstrated with consistent trading above the additional support level of $2.220 indicates a validation of the previously projected bullish trajectory. Presently, fluctuations around $2.360 are being observed.
Further reinforcing this upward trend is the ongoing positive momentum as indicated by stochastic indicators. This suggests a potential easing of resistance and a resumption of upward movement, with a target of reaching the $5.520 level in the near future. Should this threshold be surpassed, market dynamics may drive prices towards the $5.640 mark.
Considering the expected market behavior, analysts project a trading range bound between $2.280 and $2.520 in the immediate term, indicating a potential for further bullish sentiment to dominate the natural gas landscape.